On the basis of extracting, processing and utilising domestic coal resources effectively and economically, actively contributing to national energy security and meeting the maximum coal demand for the country's socioeconomic development, the coal industry will decrease exports and only export coal not needed in the country. This is the right standpoint under the national coal and mineral energy development orientation through 2020, with perspective to 2030.
To realise the targets of extracting 45-47 million tonnes in 2012, 55-58 million tonnes in 2015, 60-65 million tonnes in 2020, 66-70 million tonnes in 2025, and over 75 million tonnes in 2030, the Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) will deploy several key projects like the Red River coal basin exploration, reduce exports, and increase imports.
The State-owned coalminer will measure coal reserves in the Northeast and Red River Delta basins and specify annualised production outputs. By the end of 2015, the group will complete exploring resources and measuring reserves of the Northeast coal basin at the depth of 300 metres to ensure sufficient coal supply for the period to 2020. The coal industry will need VND317,736 billion (US$15 billion) of investment capital from now to 2020 (an average of VND35,304 billion a year), of which VND208,580 billion will be used from now to 2015 (or an average of VND41,716 billion year) and VND109,156 billion will be used from 2016 to 2020 (an average of VND21,831 billion a year).
Coal export will still continue, but it’s necessary to ensure the right proportion of this limited resource. Accordingly, export shipments will be trimmed and coal exported will be from supply not needed in the domestic market. Illegal coal export will be strictly prevented. The proportion of extractive fuels and minerals in the country’s export turnover will fall from 11.2 percent in 2010 to 4.4 percent in 2020 - the gap will be filled by the rapid growth of potential, advantageous goods. Coal export declined from 19 million tonnes in 2010 to 17 million tonnes in 2011.
In 2011, the coal industry managed to achieve its target of revenue, output and profit. Vinacomin extracted 47.8 million tonnes of raw coal and produced 43.5 million tonnes of clean coal. It invested VND12 trillion to expand Khe Cham 3, Cao Son, Khe Cham 2, Nam Mau and Vang Danh coal mines and to modernise mining technologies.
Huong Ly – Minh Nghia
Vietnamese
